Rin, Marco Da; Nicodano, Giovanna; Sembenelli, Alessandro - IGIER (Innocenzo Gasparini Institute for Economic … - 2004
We study how public policy can contribute to increase the share of early stage and high-tech venture capital investments, thus helping the development of active venture capital markets. A simple extension of the seminal model by Holmstrom and Tirole (1997) provides a theoretical base for our...